Cryptocurrency Analysis and News Portal
In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down. Currently the
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Calls for Bitcoin (BTC) to rally above $40,000 were dashed as the top cryptocurrency hit a wall of resistance which sparked a sell-off in the early trading hours. Data from Cryptox Markets and TradingView show the price of BTC fell as low as $34,368 before rebounding to its current price of
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The Bitcoin resistance at $40,000 may be a new inflection point for the coin to soar to the new heights that it has always been projected to reach.Bitcoin (BTC) gave a short-lived inclination that it was ready to break free from the bear market it has been plunged into from
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It has stated a variety of reasons for why the products cannot be “reliably valued” by retail consumers, such as financial crime, volatility and an inadequate understanding of crypto assets being the main ones. It was estimated that retail investors will save $53 million due to this ban. This is
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Emerging decentralized finance (DeFi) ecosystem, YFDAI Finance, announces the launch of two new services – SafeSwap and Launchpad,
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Donations keep pouring in for leading cryptocurrency think tank and advocacy group Coin Center. Announced Wednesday, a $175,000 donation to the Washington, D.C.-based non-profit was made by five industry players: NEAR Foundation, Celo Foundation, The Graph, Interchain Foundation and Solana.Coin Center has also raked in over $300,000 this month from
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Ever since XRP broke out of the tight multi-year trading range that it was previously stuck in, the
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Investor Raoul Pal notes that institutional purchases are storing Bitcoin in cold storage creating a supply squeeze. This will propel BTC price to new highs with a wide gap in demand and supply.The latest institutional money inflow in the cryptocurrency market has made analysts hopeful for the next Bitcoin rally.
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Blockchain gaming platform Enjin is launching a bid to attract more enterprise business and it’s hired an executive with two decades of experience at Microsoft to lead the effort.Announced Monday, Alex Solomon, whose last role at Microsoft was Azure product marketing director, Western Europe, has joined Enjin as its executive
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Summary:Ethereum looked set to retest $400 as a result of general bullishness in the crypto-marketsHowever, Bitcoin’s dominance has continued to grow and ETH might have to wait for the BTC excitement to subsideBitcoin is on a path to close the month of October on a very bullish noteEthereum’s push towards
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